# Questions with Answer in Excel Sheet

1. How long does it take for the following to happen? \$450 grows into \$725.50 at 12% compounded monthly.
2. How long does it take for the following to happen? \$5,000 grows into \$6724.44 at 10% compounded quarterly.
3. How long does it take for the following to happen? \$856 grows into \$1,122 at 7%.
4. Find out present value when interest rate is 18%. Effective interest rate is 19.56% and future value is \$10,000 and time period is 3 years.
5. The Lexington Property Development Company has a \$10,000 note receivable from a customer due in three years. How much is the note worth today if the interest rate is 7% compounded continuously?
6. The Lexington Property Development Company has a \$10,000 note receivable from a customer due in three years. How much is the note worth today if the interest rate is 9%?
7. What interest rates are implied by the following lending arrangements? You borrow \$500 and repay \$555 in one year?
8. What interest rates are implied by the following lending arrangements? You lend \$750 and are repaid \$1,114.46 in five years with quarterly compounding.
9. What will a deposit of \$4,500 left in the bank be worth under the following conditions: Left for five years at 8% compounded quarterly?
10.  What will a deposit of \$4,500 left in the bank be worth under the following conditions: Left for six years at 10% compounded semiannually?